The Propionic Acid Market research report delivers a comprehensive analysis on the newest market drivers. The report also offers extracts regarding statistics, market valuation and revenue estimates, which further strengthens its status in the competitive spectrum and growth trends embraced by leading manufacturers in the business.
Propionic acid is an organic acid (naturally occurring) that is created by the reaction of carbon monoxide and ethylene. The chemical formula for propionic acid is C3H6O2 or CH3CH2COOH with 141.15°C as boiling point. This acid is believed as secure for the employment in versatile preservative in human food and animal feed as well as common food additive. It has antimicrobial and antifungal properties, and thereby acts as crop defending agent. Moreover, it is employed as an intermediate for the making of various chemicals such as cellulose acetate propionate. In addition, it is used widely in preservatives and herbicides, as it shows the development of mold and bacteria.
Propionic Acid Manufacturers:
The major players included in the global propionic acid market forecast are,
- Hawkins Inc
- BASF SE
- Perstorp
- Eastman Chemical Company
- The Dow Chemical Company
- Celanese Corporation
- Yancheng Huade Biological Engineering Co. Ltd
- A.M. Food Chemical Co. Ltd.
- Macco Organiques Inc.
- Daicel Corporation.
Propionic Acid Market Key Segments:
Application: Animal Feed and Food Preservatives, Calcium, Ammonium, and Sodium Salts, Cellulose Acetate Propionate, Herbicides, Plasticizers, Rubber Products, Other
By End-user: Agriculture, Food and Beverage, Personal Care, Pharmaceutical, Other
The Rising Application Of Propionic Acid As A Food Preservative Is Predicted To Be A Major Factor Powering The Development Of The Propionic Acid Market
The rising application of propionic acid as an animal feed & a food preservative is predicted to be a major factor powering the development of the propionic acid market all over the world. Usage of propionic acid in the manufacture of cellulose acetate propionate and in herbicides is also predicted to be noteworthy through the forecast period.
Ever rising global food requirement, paired with the increasing requirement for hygienic food products, powers the requirement for food preservation which, in turn, is predicted to power the global propionic acid market for its employment as mold inhibitors in food items. Owing to changing lifestyle, usage of packaged food, which needs the employment of preservatives, has increased significantly over the last few years and is predicted to power the requirement for propionic acid globally.
